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Charities take your donation (which is money you’ve already paid tax on), and then reclaim tax on its ‘gross’ equivalent.
In practice, this means that if you give £10 to charity using Gift Aid, that gift is worth £12.50 to the charity. The income from Gift Aid will help to fund the whole of Age UK's work.
Age UK will treat all donations that you have made for the past four years and all donations you make in the future as Gift Aid donations, until you tell Age UK otherwise.
UK taxpayers can tick the box, as long as they pay an amount of income tax and/or capital gains tax in the financial year equal or greater than the tax we reclaim on the donations. If you complete a Self Assessment tax return you will need to note in it that you made a Gift Aid donation.
If you do not pay tax, you can not use Gift Aid.
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